Economy, asked by va3189289, 9 months ago

explain the determination of consumer equibirium with the help of law of equibirium marginal utility in case of two goods​

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Answered by harshu994
1

consumer is in a state of equilibrium when he maximizes his satisfaction by spending his given income on different goods and services. ... For one-commodity case: Rupee worth of satisfaction actually received by the consumer is equal to the marginal utility of money as specified by the consumer himself.

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